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GOODWILL | 3 Months Ended
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Mar. 31, 2015
GOODWILL [Abstract] |
Goodwill Disclosure [Text Block] | GOODWILL AND INTANGIBLE ASSETS Changes in goodwill consisted of the following (amounts in thousands):
| 2015 |  | 2014
|  |  | Earthmoving/ |  |  |  |  |  |  |  | Earthmoving/ |  |  |  |
| Agricultural |  | Construction |  | Consumer |  |  |  | Agricultural |  | Construction |  | Consumer |  |
| Segment |  | Segment |  | Segment |  | Total |  | Segment |  | Segment |  | Segment |  | Total
Goodwill, January 1 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 24,540 |  |  | $ | 14,898 |  |  | $ | 2,637 |  |  | $ | 42,075 |
Foreign currency translation | — |  |  | — |  |  | — |  |  | — |  |  | (983 | ) |  | 314 |  |  | (137 | ) |  | (806 | )
Goodwill, March 31 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 23,557 |  |  | $ | 15,212 |  |  | $ | 2,500 |  |  | $ | 41,269 |
The Company reviews goodwill for impairment during the fourth quarter of each annual reporting period, and whenever events and circumstances indicate that the carrying values may not be recoverable. In the fourth quarter of 2014, the recoverability of all goodwill was evaluated by estimating future discounted cash flows. The Company recorded a noncash charge for the impairment of goodwill in the amount of $36.6 million on both a pre-tax and after-tax basis. The charge included $11.4 million of earthmoving/construction goodwill related to the acquisition of Titan Australia; $9.6 million of agricultural goodwill related to the acquisition of the Latin America farm tire business; and $15.6 million of goodwill related to the acquisition of Voltyre-Prom. The Voltyre-Prom goodwill included $11.0 million in the agricultural segment, $2.6 million in the earthmoving/construction segment, and $2.0 million in the consumer segment. The components of intangible assets consisted of the following (amounts in thousands):
| Weighted- Average Useful Lives (in Years) |  | March 31, 2015 |  | December 31, 2014
Amortizable intangible assets: |  |  |  |  |
Customer relationships | 12.3 |  | 14,118 |  |  | 14,958 |
Patents, trademarks and other | 8.6 |  | 15,580 |  |  | 15,907 |
Total at cost |  |  | 29,698 |  |  | 30,865 |
Less accumulated amortization |  |  | (7,776 | ) |  | (7,176 | )
|  |  | 21,922 |  |  | 23,689 |
Amortization related to intangible assets for the three months ended March 31, 2015 and 2014, totaled $0.9 million and $1.1 million, respectively. Intangible assets are included as a component of other assets in the consolidated condensed balance sheet. The estimated aggregate amortization expense at March 31, 2015, is as follows (amounts in thousands):
April 1 - December 31, 2015 | $ | 2,242 |
2016 | 2,411 |
2017 | 2,284 |
2018 | 2,272 |
2019 | 2,272 |
Thereafter | 10,441 |
| $ | 21,922 |

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